1 year ago
India Shelter Finance shares in red after decent debut on stock exchanges
Hindustan TimesThe shares of India Shelter Finance Corporation made a decent debut on the stock market, opening at ₹625 before dropping to ₹564.70, a fall by 7.80 per cent. The initial public offering of the housing finance company was subscribed 36.62 times on the last day of the offer last Friday. India Shelters Finance Corporation said that the funds raised from the issue will be used to meet future capital requirements towards onward lending and for general corporate purposes. ICICI Securities, Citigroup Global Markets India, Kotak Mahindra Capital Company and Ambit Private Ltd were the managers to the offer.
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